Anyone have a read on this group? Saw a few job postings online.
I know RJ is strong in Tech and RE, what about the industrials side? They aren't Baird or Blair, but do they pitch against them or the likes of HW / HL?
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I've heard they have brutal hours from a friend who used to work in RJ London. They said the industrials team was usually the last to leave the office and regularly worked long hours.
Most industrials groups are brutal. What about who they pitch against, dealflow, comp, and exits?
Not sure who they pitch against but he said they were a hardworking and smart team just the hours meant they had no life.
Total comp was average for analysts and below average for associates. They also don't give a sign-on bonus for analysts and don't give a promotion bonus for the associate promotion.
Note: this is London so will differ from the US
I know they have really been trying to grow the industrials group and have added a bunch of MD's over the past couple years, especially in Chicago. Would be curious to see how successful that has been and what the culture is like within the group though.
This is what I was wondering as well. It looks like they're trying to compete with Baird/Blair for best MM industrials in the midwest.
My guess would be they are sweatshop-like while they try to get the brand to that level.
EDIT: They are definitely not on that level as of writing this
I'm in the RJ industrials group (one of the main US offices).
We've made strides in the last few years to hire the right senior bankers and it's paid off. We've been extremely busy for about a year straight; wouldn't call it a sweatshop, we just have a ton of deal execution and hours are a little above average. A lot of our pitching (when we have time) has been against the likes of HL, Lincoln, Blair, Piper, BGL, etc. Culture is great in my opinion and comp is street.
Are you in florida or nyc?
Their Security and Safety team is first class. Very niche but pitches against or advises with Goldman, Citi, Moelis, HL, etc. every year. Pulled down several ~$1B mandates in the past two years.
Analyst attrition is ~70% because of the brutal hours.
I am interested in learning more about this team specifically, may I PM you?
Raymond James? Who is that? Never heard of him
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